The Organisation for Economic Co-operation and Development (OECD) has forecast India’s GDP growth at 6.9 per cent for FY23. This is 120 basis points lower than the 8.1 per cent projection made in December. The lowest by a major bank or institution, saying the country had been adversely affected by Russia’s invasion of Ukraine.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
This is below the Reserve Bank of India’s estimate of a 7.2% rise. India’s Gross domestic product (GDP) grew 8.7% in 2021-22, making it the fastest-growing major economy in the world. After recording the strongest GDP rebound in the G20 in 2021, the Indian economy is progressively losing momentum as inflationary expectations remain elevated due to rising global energy and food prices, monetary policy normalises and global conditions deteriorate.
Find More News on Economy Here
Galaxies are huge groups of stars, gas, dust and dark matter held together by gravity.…
Atal Pension Yojana (APY) has reached the historic milestone by achieving the 9 crore total…
India's textile sector have performed well as the exports grown by the 2.1% in FY…
English Language Day 2026 will be observed on April 23 around the world to celebrate…
World Book and Copyright Day 2026 is observed on 23rd April around the world every…
April, starting month of the financial year, has many national and international events. From cultural…